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Tag Archives: debt collector

The 2 Words Debt Collectors Don’t Want to Hear

tax-extension

While much of the debt collection world is straightforward and, quite honestly, a little boring, some people in the industry treat it like a free-for-all. “There are widespread attempts to add charges to debts that aren’t legal. Excess interest is something we’ve encountered quite frequently,” said Daniel Edelman, consumer law attorney, founder and partner at Edelman, Combs, Latturner, & Goodwin ... Read More »

    Can I Bypass a Debt Collector?

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    When I am assisting people to resolve unpaid bills I’m often asked, “Why do I have to pay the debt collector? Why can’t I just pay my creditor or lender and avoid the collector all together?” A reader recently wrote in with just this question: I have a $ 5,000 balance on my credit card and it is now at ... Read More »

      Will Your Next Debt Collector Be a Robot?

      robots

      Are the days of debt collectors sitting in cubicles “dialing for dollars” numbered? Debt collection, like many sectors of the economy, is starting to go digital. So if the idea of talking with a debt collector automatically puts your stomach in knots, you may be in for a pleasant surprise: In the not-too-distant future, your debt collector may be a ... Read More »

        CFPB Stops Bad Check Debt Collector From Frightening Consumers

        cfpb

        Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against a nationwide debt collection operation and its chief executive officer for using deceptive threats of criminal prosecution and jail time in order to intimidate consumers into paying debts for bounced checks. The company also misled consumers into believing that they must enroll in a costly financial education program ... Read More »

          What Happens to a Debt Collector That Gets Shut Down

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          Travell Thomas is desperately trying to save his business, or at least part of it. His debt collection firm, Four Star Resolution, was raided during the morning on Feb. 11, as a result of a lawsuit filed by the Federal Trade Commission. Employees were told to leave immediately. A temporary restraining order now prevents Thomas — and any company employee ... Read More »

            Yikes! Woman Gets $153,000 Bill From Debt Collector

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            A Texas woman says she has been dealing with a debt collection fiasco for months, all because of a clerical error. The woman, identified in the local news report by only her first name, Yolanda, said she received a debt collection bill for $153,000 in September and has been struggling ever since to figure out why she’s being hounded for such ... Read More »

              How Can I Get the Debt Collector to Stop Bothering Me?

              Debtstar

              Question: Dear Steve, I’m getting really tired of being hassled for an old debt I don’t owe. I keep trying to explain to the debt collectors that I don’t owe the bill they keep trying to say I need to pay. What can I do? Mary Answer: Dear Mary, Being chased for a debt you don’t owe is not fun. ... Read More »

                The Hospital Turned Me Over to Collections. Can They Do That?

                debt1

                I recently had procedure at hospital. Insurance paid their part. I have my part to three different people. I tried making arrangements with hospital of $100/month – they said that’s not enough for it to be paid in 6 months. I said what’s the deal with 6 months? She replied that if I don’t have them paid in full in ... Read More »

                  Can I Deal With a Debt Collector Over Email?

                  cathackgmail

                  Over the past 25 years, the way individuals communicate with each other has changed dramatically. From telephone calls and faxes to emails and text messages, advancements in technology have made it much easier for individuals to get in touch with one another. Today, individuals communicate through text messages and emails more than they do through telephone calls. Businesses have also adapted to new ... Read More »

                    Debt Collector ‘Boiler Rooms’ Threatened Arrest, FTC Says

                    afraid alone

                    The voicemail would be enough to give anyone chills. “Hello, this is Detective Jeff Ramsey. I am attempting to touch bases with (you)… I will be back out to your place of residence … between the hours of 4 and 6 p.m. You are to have two forms of identification, no firearms or narcotics or loose animals on the premises. This ... Read More »

                      Tips For Dealing With Questionable Debt Collectors

                      Debtstar

                      Los Angeles-Long Beach, CA (PRWEB) March 11, 2015 National Debt Relief recently shared in an article published February 27, 2015 how consumers can deal with debt collectors when they believe it is a case of mistaken identity. The article titled “What To Do If You’re Wrongly Targeted By A Debt Collector “ lays out some tips for people to consider ... Read More »

                        I’m Worried About Calling a Debt Collector. What Should I Do?

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                        Dealing with debt collectors can be a scary prospect. If you have ever dealt with an overly aggressive and abrupt collector, your preference for avoiding a repeat call can be understandable. Perhaps you’ve never had to call a collector, but having done some research online, are concerned you could be subjected to similar experiences that others have written about. Regardless ... Read More »

                          How To Reduce Debt Buyer Collection Lawsuits

                          gavel

                          Last week the CFPB and the FTC held a workshop to address what happens to unpaid debts at different stages of the debt collection cycle. The workshop brought together state and federal regulators, economists, major banks, debt collection agencies, debt buyers, consumer advocate attorneys, technology companies, members of the judiciary, credit reporting agencies, and more. The workshop was aptly titled ... Read More »

                            Dealing With the Debt Collector Advice

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                            MINNEAPOLIS, March 2, 2015 /PRNewswire-USNewswire/ — Have you ever been contacted by a debt collector? If the answer is yes, you are not alone. According to the Federal Reserve, the total amount of consumer debt in the United States now exceeds $13.4 trillion. Based on a recent study by Ernst & Young, third-party debt collectors recovered $55 billion in 2013 ... Read More »

                              Debt Collectors – A Changing Landscape. Here is What the Future Brings.

                              future

                              Having been a GetOutOfDebt.org site reader and contributor for many years, I am used to seeing posts about what the New Year will bring to debt relief services. Below, I offer my own brief version of what may come in 2015, but with a focus on debt collectors. Changes that we should see to rules governing debt collectors behavior, next ... Read More »

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